January 26, 2011
National Real Estate Recovery?
According to Lawrence Yun, the National Association of REALTORS Chief Economist, has said that December of 2010 was a great close to the year. In fact, the real estate pattern for the last 6 months has been positive. The NAR shows the total housing inventory at the end of December 2010 fell 4.2% to 3.56 million existing homes on the market nationwide. This represents a 8.1 month supply of homes at the current sales pace, which is down from 9.5 month supply in November. Yun, says that all these indicators are clearly showing a real estate recovery!
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Jeremy Page
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